All Posts Tagged With: "Ron Paul"
Washington Post Goes Hysterical as Ron Paul Tries to Drive Stake into Heart of Federal Reserve
It was enlightening to see the pathetic “editorial” in The Washington Post which attacked the idea the Federal Reserve needs to be reined in, and that an audit of the Fed, as proposed by an amendment introduced by Texas Republican Ron Paul, would be devastating to the ability of the secretive and arrogant organization to [...]
Jim Rogers: “The Fed is making our lives miserable … Audit It, Then Abolish It”
Saying the Federal Reserve is the only institution in the world he knows of that isn’t audited, famed investor and author Jim Rogers said in an interview, “It’s incomprehensible to me these people are saying they have no reason to be audited — they must have done something wrong, must have something to hide.” This [...]
Keynesian College Economist Weenies Come to Aid of Their Hero Ben Bernanke in Opposition to Ron Paul’s Audit the Fed Bill
Evidently reading a script that was probably written by Ben Bernanke himself, a small number of college economists wrote a letter to the Senate Banking Committee and House Financial Services Committee saying the tired, worn out old line that if the Government Accountability Office audits the Federal Reserve, it would cause serious harm to the [...]
Will Ron Paul Vote Against His Own Bill to Audit the Federal Reserve?
Washington has been so out of touch with principles and reality for so long, that they probably think voting for the bill initiated by Ron Paul to edit the Federal Reserve would be political feather in the cap of Ron Paul. But it looks like that isn’t going to be so, as it wasn’t allowed [...]
U.S. Senator Jim DeMint Will Hold Bernanke Nomination Until Senate Votes on Auditing the Federal Reserve
Things were definitely not boring at the confirmation hearing of beleaguered Federal Reserve Chairman Ben Bernanke today, where he stood before the Senate Banking Committee to decide on whether he would be awarded a second four-year term as head of the secretive agency. One of those interesting moments came when U.S. Senator Jim DeMint (R-South [...]
Former Fed Governor Frederic Mishkin Says the Federal Reserve Being Held Accountable for its Actions is “Incredibly Dangerous”
Didn’t he say it that way? Actually, yes he did, just using different words. In a Bloomberg Radio interview, Mishkin stated: “It is remarkable the kind of attacks that are occurring on Fed independence.” Think of that in terms of the economic crisis we’re in. It makes you feel good that the Federal Reserve was [...]
Senator Bernie Sanders To Vote Against Renomination of Ben Bernanke
Saying the Ben Bernanke is “part of the problem,” Senator Bernie Sanders said on Sunday that he will definitely vote against nominating Bernanke for a second term as Chairman of the Federal Reserve. The Federal Reserve, which has long wanted to keep their activities and persona quiet, are no longer able to operate under those [...]
Ben Bernanke Fears Ron Paul’s Audit Above All Else
In a recent and unusual action, Federal Reserve Chairman Ben Bernanke wrote a column in a newspaper, in this case the online version of the Washington Post, which attempted to undermine the legislation initiated by Ron Paul to at minimum require that the Federal Reserve be fully audited by the Government Accountability Office (GAO). Some [...]
Congressmen Ron Paul and Alan Grayson Announce Amendment Based on HR 1207 Passes in Financial Services Committee
Concerns were raised after highly supported HR 1207 was gutted by Mel Watts, who offered a version of the bill so different as to not to be taken seriously, in response, Congressmen Ron Paul and Alan Grayson added an amendment to HR 3996, which Paul says, if passed, “will grant sweeping new powers to the [...]
Federal Reserve or Super Regulatory Agency? … Neither
For those who understand what has happened in reference to regulators before and during the current economic crisis, the idea of taking authority and responsibility away from the Federal Reserve and placing it within a new super regulatory agency, as is being proposed, is ignorant, to be kind. Ron Paul has it right when he [...]
Battle Over Who Will Supervise American Banking System Heating Up
In what seems to be a political move to build up his political capital after being perceived as too friendly with the major banks, Senate Banking Committee Chairman Christopher Dodd (D., Conn.), has been preparing legislation which would dramatically change how the banking system in the U.S. would be supervised. But opposition has already been [...]
Ron Paul: Bank-Connected Democrat Mel Watt Strips H.R. 1207 of Almost Everything
With most Americans outraged over the behavior of the Federal Reserve and the part it has played in the bailouts of huge institutions in the financial and automotive industries, Ron Paul introduced H.R. 1207, which would have required a full audit of the Federal Reserve and its activities, which crosses international lines. According to Rep. [...]
Support for Ron Paul’s Audit of the Federal Reserve Grows: Over 300 Co-sponsors Now on Board
Understanding that the highly secretive Federal Reserve has had a major role in undermining the value of the U.S. dollar, and unregulated and unaccountable non-government agency had pretty much done whatever it has wanted almost since its inception in 1913, a consensus in growing in the U.S. House that the agency must be reined in [...]
Testimony from Federal Reserve Lawyer Scott Alvarez: Another Reason to Rein in the Federal Reserve
In what I consider an astounding and clear admission from the General Counsel of the Federal Reserve, Scott Alvarez, he admitted if the ongoing push to audit the Federal Reserve becomes a reality, “Foreign central banks and governments likely would be less willing to engage in financial transactions with the Federal Reserve if these transactions [...]
Peter Schiff Blasts Chris Dodd and His Plan to Create Super Regulatory Agency
It hasn’t taken long for Peter Schiff, who recently announced he’s running against Chris Dodd and others for his Connecticut Senate seat, to attack Dodd over his recent proposal to create a super regulatory agency by combining four existing regulatory agencies into one. The four agencies Dodd would want to make into one include the [...]
Editorial: Will European Banking Regulators Soon Be Running American Banks?
The recent proposal by the Federal Reserve to assign itself powers to continue to interfere in the free markets provides another reason they seriously need to be reined in, and why, as Ron Paul says, we must “End the Fed.” Even with their unprecedented grab for more power, there is a growing opposition to their [...]
Banking Books: “Meltdown” by Thomas E. Woods Jr.
The full title of Wood’s book is ‘Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse.’ If a one-sentence description were to be attached to this book review, it would be that the free market was not the cause of the financial crisis we’re [...]
Editorial: Alan Greenspan Blames Human Nature, Not Himself, for Financial Crisis
Alan Greenspan thought when he stepped down as Chairman of the Federal Reserve that his place and name in economic history had been preserved, as he presumably had overseen the longest uninterrupted period of economic growth in the modern history of America. Now that many people have put a magnifying glass on his performance, that [...]
Banking Books: “End the Fed” by Ron Paul
The Federal Reserve has become central player in the United States’ economy, but some imagine a world without it. In “End the Fed”, Dr. Ron Paul examines what the world might look like without the Federal Reserve. Although many people consider the Federal Reserve to be an indispensable institution that the nation’s economy couldn’t function [...]
Review of Murray Rothbard’s “The Case Against the Fed”
Now that for the first time since its creation the highly secretive Federal Reserve is starting to be brought out into the light as to its real purpose and counterproductive practices which harm, rather than help the economy. While everyone should get a copy of Ron Paul’s “End the Fed,” to be available on September [...]
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What would be your top three tips for anyone new to this topic?